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Commerce Past Questions and Answers

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Commerce Questions

Question 3276:

The abbreviation E & O.E. on an invoice seeks to

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A Draw the attention of the buyer to the contents of the document
B Show that there is no error about price quoted on the invoice
C Protect the seller against any error on the document
D Draw the attention of the seller to the contents of the document

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Question 3277:

The functions of credit and thrift society does not include

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A Charging low interest rate on loans
B Providing savings facilities
C Encouraging mutual co-operation of members
D Providing security for member's property

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Question 3278:

Throwing cargo overboard in order to save a ship from sinking is

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A Jettison
B Abandonment
C Piracy
D Flotsam

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Question 3279:

The document in which full details of goods and the ship carrying the goods are contained is known as

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A Bill of exchange
B Bill of sight
C Certificate of origin
D Shipping advice note

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Question 3280:

The exclusive right of an author over his book is

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A Trade mark
B Brand name
C Copyright
D Patent right

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